Since the speculation surrounding President Donald Trump’s recent statement on the creation of a strategic coding strategic currency in the United States has reached a temperature, AI spoke the White House and Crypto Czar David Sacks.
The bags tried to reduce the expectation and interpretation of excessive indication that this was mentioned altcoins No option or preference by the government.
Several executives of the coded currency have criticized the specified digital assets listed in the report as very far from encryption standards for development, institutional adoption, and decentralization that were seen in Bitcoin and excitement.
Some analysts suggested that adding them was a sign that the government had changed its approach and was preparing to support other Blockchain networks. However, the bags dropped these theories in interview Friday.
“The president has just included the five best encoded currencies according to the market value, so I think this is one of those moments when people read a lot about this,” Sachs said. “There is no secret motive behind him – I just mentioned the biggest names.”
The market’s response to Trump’s comment was blatant. The name XRP, Sol and Ada have led to explosive price movements, as some of these assets tear nearly 70 % during the weekend before decline.
Prices volatility highlighted this massive political data and policy signals that could contain digital asset markets.
The federal government cannot calculate all encryption holdings
Sachs said the full scrutiny is still necessary to create government encryption holdings. He had no doubt that the United States government had Bitcoin and believed that there was some Ethereum. However, note that there was no clear answer to whether it was also carrying altcoins such as XRP, Solana or Cardano.
This uncertainty is part of what the executive matter requires on Thursday night: a complete outcome of all the digital assets currently maintained by the United States government. The US federal government has more than 198,000 BTC, and Bitcoin bonds estimate this value of about $ 17 billion at today’s prices.
It also creates a stock of digital assets in the United States to manage digital assets other than bitcoin acquired through criminal and civil seizures. However, it explicitly states that the government will not buy additional encrypted currencies for this stock that exceeds those obtained through legal recitations.
The federal government is not interested in selling encryption holdings
The executive decides a new way to deal with these digital assets instead of just playing accountants. While the federal government may choose to sell some of its properties, the bags have suggested other strategies, such as lending or exhausting the encrypted currencies that they own and earn additional returns, which can be used.
Sachs said the executive was aimed at creating instructions for managing responsible assets. He said that the first step will be a full review and that digital assets will be transferred to a safer account. The Minister of Treasury and their experiences after that would manage a various wallets to supervise the long term to increase the benefit of Americans.
He also said that the strategy may be simple as guidance in certain assets for negative rewards, or the balance of the portfolio to low risks with a greater return, or sale when necessary. He said that the Treasury can consider such options if they serve the financial interests in the country.
Through these political developments that are being operated, the options of the encryption industry are now installed on top published in Washington, DC, where President Trump hosts many executives of bitcoin and cryptocurrency. Discussions are likely to focus on organizational methods, market growth, and how Blockchain technology develops in the American economy.
Meanwhile, market conditions are still turbulent. XRP and Ada have lost about 7 % in the past 24 hours after their short gathering at the end of last week (according to Block encryption data).
Solana, on the other hand, remained relatively more powerful, as it recorded a slight 1.3 % decrease.
The leading cryptocurrencies, Bitcoin and Ethereum; Bitcoin decreased by 2 %, while Ethereum lost 2.7 % during the same time frame.
As the government’s encryption scheme continues, merchants, investors and policy makers will monitor how these assets are dealt with in the stock of new American digital assets and whether other organizational changes can affect the broader market.
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